ONGC Q3 net profit doubles to Rs.7,083 crore

State-owned Oil and Natural Gas Corporation (ONGC) Friday reported a 5.87 percent rise in net profit for the third quarter ended Dec 31 at Rs.7,083 crore as against Rs.3,054 crore earned during the same period of last fiscal. The exponential rise in profit was due to higher crude oil prices in the period, as well as due to the governments decision to raise the gas prices, an ONGC statement said